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Sangamon Sun

Monday, April 7, 2025

Former state school employee Murphy paid in $1K to teachers' pension fund, could collect $52K in retirement

Money 04

Former state school employee Rebecca Murphy, who retired in August 2018, saved $1,216 toward a pension over 1 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Murphy would collect as much as $51,552, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Murphy received $1,083 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Murphy will have already received $2,198 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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